By Editor Test
A new research paper, published in the February 2009 issue of the Journal of Pension Economic and Finance shows that retirees can work around that liquidity problem by transferring assets incrementally from non-annuity accounts to single premium income variable annuities (SPIVAs) in retirement and by adjusting the asset allocation of both types of accounts to suit personal risk tolerances.
By Editor Test
The guaranteed lifetime withdrawal benefit will survive by attaching itself to a new product, such as managed accounts, or by finding a new market, like workplace retirement plans.
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In some cases, the fixed annuity will lead the sale and in others the LTC insurance will lead the sale.
By Editor Test
VA living benefit issuers were not simply passive victims of the stock market debacle. They were playing a dangerous game, and knew it.
By Editor Test
Sales of fixed annuities topped $30 billion in the first three months of 2009, as investors and advisors feasted on their
safe, better-than-CD returns for the second consecutive quarter.
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In this product, the adverse selection factors that plague both LTC insurance and immediate annuities would partially cancel each other out.
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Over the years, Vanguard has often restricted cash inflows to maintain fund assets at levels that don’t compel fund managers to buy suboptimal investments.
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“Selling guarantees is like smoking Cuban cigars while driving a dynamite truck. You better do it carefully,” a Journal of Financial Planning article observes.
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People who assume 3% average inflation—a common standard—when planning for retirement may have far less purchasing power in retirement than they anticipated, says Felix Schirripa.
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Sales of variable annuities experienced their fourth quarter of double-digit declines, dropping 27% compared to the first quarter of 2008.
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Life annuities will be more popular when offered at a discount well before the income start date, the authors argue.
By Editor Test
New York Life Insurance Company announced that all four of the major rating agencies have recently affirmed the company’s highest possible ratings for financial strength.
